The balance sheets of companies have improved, says Marco Gulpers of ING. "Combined with historically low interest rates and a possible economic recovery in sight in 2014-2015, we expect a recovery in takeover activity.”
As candidate takeover targets, Gulpers names BAM, Unit4, BESI, Heijmans, Wessanen, Imtech, TKH Group, Nutreco, Kendrion, Delhaize, CSM, DE Masterblenders, Nyrstar, Wolters Kluwer, Beter Bed, EVS, TNT Express, Ten Cate, Umicore, Ziggo and Agfa Gevaert.